I develop and test three theories of public ownership: a small markets hypothesis, a commitment hypothesis, and a patronage hypothesis. The empirical analysis employs a cross section of 1274 public and private gas companies operating in 1911. With these data, I find the following patterns: gas companies located in small towns were more likely to have been municipally owned than those in large towns; gas companies regulated by city councils were more likely to have been municipally owned than companies regulated that were unregulated; and gas companies regulated by state commissions were less likely to have been municipally owned than companies that were unregulated. Placed in their historical context, these results support the small markets and property rights interpretations of public ownership. Copyright 1997 by Oxford University Press.
Download Info
To our knowledge, this item is not available for
download. To find whether it is available, there are three
options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page
whether it is in fact available.
3. Perform a search for a similarly titled item that would be
available.
Volume (Year): 13 (1997) Issue (Month): 1 (April) Pages: 1-25 Download reference. The following formats are available: HTML,
plain text,
BibTeX,
RIS (EndNote),
ReDIF
Handle: RePEc:oup:jleorg:v:13:y:1997:i:1:p:1-25
Contact details of provider: Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK Fax: 01865 267 985 Email: Web page: http://jleo.oupjournals.org/
For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).
Related research
Keywords:
Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.) This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page.